Looking Into D.R. Horton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton (NYSE:DHI) has seen a decrease in short interest, with the short percent of float dropping 6.61% since the last report. The company has 6.55 million shares sold short, representing 3.39% of available shares, with a cover time of 3.14 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 6.61% short interest as a percentage of float.
November 27, 2023 | 2:30 pm
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D.R. Horton's short interest has decreased, potentially indicating a more bullish sentiment among investors and a positive outlook for the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to a rise in its price in the short term. Since D.R. Horton's short interest is below the peer group average, this could be perceived as a positive sign by the market, potentially leading to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100